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FourPoint Resources, Quantum Capital Group, and Kayne Anderson to Acquire Ovintiv’s Uinta Basin Assets for $2 Billion

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Vinson & Elkins represented FourPoint Resources LLC and Quantum Capital Group which, in partnership with Kayne Anderson Capital Partners, signed a purchase and sale agreement with Ovintiv Inc. (NYSE, TSX: OVV) (“Ovintiv” or the “Company”) to acquire Ovintiv’s Uinta Basin assets for $2.0 billion in cash.

The assets include 126,000 net acres and production of 29 Mbbls/d.

The Vinson & Elkins team was led by partners John Grand, Robert Hughes, Patrick Whelan and counsel Elena Sauber, with assistance from senior associate Victoria Bahrami-Negad, and associates Peter Faour, John Sager, Jessica Rosenwasser, Charlie Fitzpatrick and Janae Wilson. Other key team members included partner Sean Becker and associate Peter Goetschel, partner Patricia Adams and associates Matt Green, Cassandra Zarate and Madeline O’Neill, counsel Corinne Snow and associate Kevin Moscon, partner John Lynch and senior associate Curt Wimberly, partner David Wicklund and counsel Carter Olson, partner John Decker; partner Hill Wellford; partner Jackson O’Maley and associates Walt Baker; Leah Powers and Sean Dao.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 14 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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